Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

Let us not speculate. I would speculate rather differently than that. Let us move forward to a subsequent conversation on 11 March, the following day, at 5 p.m. It involved largely the same cast, Mr. Tom Rice, Mr. Hugh Mildred from PIMCO, Mr. Stewart and Mr. Hanna. They picked up the theme again regarding Mr. Cushnahan and the success fees or fixer's fees, whatever term was used. Mr. Rice said the Project Eagle process:

had been with NAMA for several months referenced April/May 2013. This development went back to the origination of the deal with PIMCO and the proposal for an acquisition fee. The proposed split was mentioned some time ago and enquiries were made and it was looked at in more detail in the second half of 2013.

I am reading it correctly, am I not?

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